Bank question

Hilly

Hilly

Hilly

Don
Joined
17 May 2004
Posts
12,847
Location
Telford, Shropshire
Hey hey, done a search but can't find any thing on is.

At the start of this month, this certain company charged me with a DD, in which due to no fault of my own they shouldn't of (DD was all paid, so no monies were left out standing). They took the payment due to a late settlement.

I complained and spoke to my bank. The bank said they will refund the money, then claim the money from that certain company;

DDR RFD FCE BANK
"BANKNAME" SERV C3

is what i have on my statement from that day. I also spoke to certain company, who as of today have also refunded the money owned to me.

So I am now a couple of hundread pound up in which I shouldn't have had... what exactly happens now? Can I stay schtum in hope of keeping the money (Bank said they would speak to certain company and get the money from them) or are they just going to take the money?
 
They'll ask for it back eventually, so shove it in a deposit account and wait for the letter. The reason you got the cash twice is that banks have a DD guarantee, so when you complain they often refund the money immediately and discover whys and the whats after some investigation which would take a few days, possibly weeks

This is a good reason for ending/deleting DDs immediately after your transaction with a company is complete
 
Thanks pipe, I'll leave it in there and resist the temptation to not spend it!

Thanks,
 
Since it's your bank's money, you should let your bank know. You say yourself that you shouldn't have it.

Is your honesty worth a couple of hundred pounds?
 
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